VanEck 预测以太坊 L2 估值将达到 1 万亿美元，对代币持谨慎态度，强调空投的重要性

著名金融实体 VanEck 预测以太坊第 2 层 (L2) 解决方案的估值将达到 1 万亿美元，强调其由于其可扩展性优势而有超越以太坊的潜力。 VanEck 将 Optimism、Arbitrum 和 Blast 视为领先的 L2，并将它们的成功归功于强大的生态系统和战略空投。

VanEck Projects a $1 Trillion Valuation for Ethereum's Layer-2 Solutions, Cautiously Cautions on Tokens, Underscoring Airdrops' Critical Role

VanEck 预计以太坊第 2 层解决方案估值将达到 1 万亿美元，对代币持谨慎态度，强调空投的关键作用

Global financial stalwart VanEck, headquartered in New York City, has unveiled profound insights into the burgeoning landscape of Ethereum's layer-2 (L2) solutions, predicting a staggering $1 trillion valuation for these transformative technologies. VanEck's optimistic prognosis stems from the immense potential of L2s to surpass Ethereum's capabilities, offering enhanced scalability and transaction throughput.

总部位于纽约市的全球金融巨头 VanEck 公布了对以太坊第 2 层 (L2) 解决方案新兴前景的深刻见解，预测这些变革性技术的估值将达到惊人的 1 万亿美元。 VanEck 的乐观预测源于 L2 超越以太坊功能的巨大潜力，提供增强的可扩展性和交易吞吐量。

L2 technologies, such as zero-knowledge roll-ups (ZKUs) and optimistic roll-ups (ORUs), are revolutionizing blockchain efficiency by processing transactions off the primary Ethereum blockchain. This innovative approach enables L2s to handle a significantly higher volume of transactions at reduced costs, potentially outpacing Ethereum in revenue generation.

L2 技术，例如零知识汇总 (ZKU) 和乐观汇总 (ORU)，通过处理主以太坊区块链上的交易，正在彻底改变区块链效率。这种创新方法使 L2 能够以更低的成本处理大量交易，在创收方面可能超过以太坊。

However, despite the bullish outlook for L2 solutions, VanEck adopts a cautious stance towards the majority of L2 tokens. The firm contends that these tokens lack widespread adoption as the primary currency within the cryptocurrency ecosystem, diminishing their potential for substantial appreciation.

然而，尽管 L2 解决方案的前景看好，VanEck 对大多数 L2 代币采取了谨慎的立场。该公司认为，这些代币作为加密货币生态系统中的主要货币缺乏广泛采用，从而削弱了它们大幅升值的潜力。

Nevertheless, VanEck acknowledges the emergence of specialized roll-ups that target specific use cases, particularly within the realm of social media platforms. These niche L2s could garner significant traction and value due to their tailored functionalities.

尽管如此，VanEck 承认针对特定用例的专门汇总的出现，特别是在社交媒体平台领域。这些利基 L2 因其定制的功能而可以获得巨大的吸引力和价值。

VanEck identifies Arbitrum, Blast, and Optimism as the frontrunners in the L2 arena, attributing their preeminent positions to their vibrant ecosystems and strategic airdrops. These L2s have successfully attracted users and developers, fostering a fertile environment for innovation and growth.

VanEck 将 Arbitrum、Blast 和 Optimism 视为 L2 领域的领跑者，并将其卓越地位归功于其充满活力的生态系统和战略空投。这些 L2 成功吸引了用户和开发人员，为创新和增长营造了肥沃的环境。

Airdrops Prove Pivotal in Ethereum L2 Success

空投被证明是以太坊 L2 成功的关键

VanEck highlights the crucial role that airdrops have played in the remarkable rise of Arbitrum, Blast, and Optimism. By distributing tokens to users and community members, these L2s have generated considerable interest and incentivized adoption. DefiLlama data corroborates this assertion, revealing Arbitrum's impressive ranking as the fifth-largest protocol by total value locked (TVL) with a staggering $3.18 billion. Blast and Optimism follow suit, securing sixth and eleventh places, respectively, further solidifying their dominance in the L2 space.

VanEck 强调了空投在 Arbitrum、Blast 和 Optimism 的显着崛起中发挥的关键作用。通过向用户和社区成员分发代币，这些 L2 引起了相当大的兴趣并激励了采用。 DefiLlama 的数据证实了这一说法，显示 Arbitrum 以锁定总价值 (TVL) 排名第五，达到惊人的 31.8 亿美元。 Blast 和 Optimism 紧随其后，分别获得第六和第十一名，进一步巩固了他们在 L2 领域的主导地位。

VanEck's Multi-Dimensional Evaluation of L2 Success

VanEck 对 L2 成功的多维评估

VanEck employs a multifaceted approach to assess the success and potential of L2 solutions. Key metrics include transaction costs, user experience, trust assumptions, ecosystem size, and developer experience. These parameters provide a comprehensive gauge of L2 growth and adoption, allowing investors to make informed decisions.

VanEck 采用多方面的方法来评估 L2 解决方案的成功和潜力。关键指标包括交易成本、用户体验、信任假设、生态系统规模和开发人员体验。这些参数提供了 L2 增长和采用的综合衡量标准，使投资者能够做出明智的决策。

Regulatory Constraints Impact Ethereum ETF Applications

监管限制影响以太坊 ETF 申请

The regulatory environment continues to cast a shadow over the cryptocurrency industry, with the SEC recently deferring its decision on VanEck's highly anticipated spot Ethereum ETF application. This delay, pushing the verdict timeline to May 23, 2024, underscores the cautious stance adopted by regulators. The SEC's apprehension reflects broader uncertainty surrounding Ethereum-based ETF applications, leaving market participants in a state of anticipation.

监管环境继续给加密货币行业蒙上阴影，SEC 最近推迟了对 VanEck 备受期待的以太坊 ETF 现货申请的决定。这一延迟将判决时间推迟至 2024 年 5 月 23 日，凸显了监管机构采取的谨慎立场。美国证券交易委员会的担忧反映了围绕基于以太坊的 ETF 申请的更广泛的不确定性，使市场参与者处于期待状态。

Vitalik Buterin Explores the Realm of Layer-3 Solutions

Vitalik Buterin 探索第三层解决方案领域

Ethereum co-founder Vitalik Buterin has reignited the discussion on layer-3 (L3) solutions, emphasizing the criticality of distinct purposes for each layer within the blockchain ecosystem. Buterin contends that a layered approach only achieves optimal results when each layer fulfills a unique function, fostering efficiency and innovation.

以太坊联合创始人 Vitalik Buterin 重新引发了对第 3 层 (L3) 解决方案的讨论，强调区块链生态系统中每一层不同目的的重要性。 Buterin 认为，只有当每一层都履行独特的功能、促进效率和创新时，分层方法才能实现最佳结果。

Conclusion: L2 Solutions Poised for Exponential Growth

结论：L2 解决方案有望呈指数级增长

VanEck projects a bright future for Ethereum's L2 solutions, predicting a $1 trillion valuation. While the firm cautions against investing in the majority of L2 tokens, it acknowledges the potential of niche roll-ups in targeting specific applications. Arbitrum, Blast, and Optimism stand out as industry leaders, leveraging vibrant ecosystems and strategic airdrops to drive widespread adoption. Despite regulatory headwinds and the looming presence of L3 solutions, L2s remain poised for explosive growth, offering transformative potential for the blockchain landscape.

VanEck 为以太坊 L2 解决方案预测了光明的未来，预计估值将达到 1 万亿美元。虽然该公司警告不要投资大多数 L2 代币，但它承认利基汇总在针对特定应用程序方面的潜力。 Arbitrum、Blast 和 Optimism 脱颖而出，成为行业领导者，利用充满活力的生态系统和战略空投来推动广泛采用。尽管存在监管阻力和 L3 解决方案的出现，L2 仍有望实现爆炸性增长，为区块链领域提供变革潜力。